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Discussion Starter · #1 ·
I just found the above car and need help
to determined how much to offer.The car is in
rough shape needing a little bit of everything.Just wondering what opinions say the value of this car would be.
 

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(actually Slim Jr now)
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Just for fun, based on almost no info, I'll make a SWAG: Between $50,000 and $150,000!
 

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Damn it Slim, that was my answer too....Without a lot more information you can't nail down a number. Is it rusty? How rusty? Missing tags? a title? Missing parts? what parts? and on and on...got any pictures? a Shelby serial number? Is it a convertible or a fastback? For a fastback project and we might get those numbers down between $40k and $80k
 

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Discussion Starter · #4 ·
Well the car is a Fastback,the floors need to be completly replaced.The guy that owns it is the original owner.I know this cause I went to school with the guys son.The body is in average condition for a Northeast car.The car has not been on the road since 1979.How is that for info
 

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Discussion Starter · #5 ·
Well the car is a Fastback,the floors need to be completly replaced.The guy that owns it is the original owner.I know this cause I went to school with the guys son.The body is in average condition for a Northeast car.The car has not been on the road since 1979.How is that for info
 

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These are the Low -- Average -- High numbers for the 1967 GT500 and GT500KR in the 2007 Ford Price Guide in the August 2007 Hemmings Muscle Machines (p. 34):

GT500 fastback:
4-speed --- $ 69,000 -- $103,000 -- $160,000
Automatic - $ 62,500 -- $ 93,500 -- $145,000

GT500 convertible:
4-speed --- $112,000 -- $165,000 -- $237,000
Automatic - $102,000 -- $150,000 -- $215,000

GT500KR fastback:
4-speed --- $ 94,000 -- $141,500 -- $219,000
Automatic - $ 85,500 -- $129,000 -- $199,000

GT500KR convertible:
4-speed --- $155,500 -- $225,500 -- $300,500
Automatic - $141,000 -- $205,000 -- $273,000

By the way, according to the HMM Price Guide the GT500KR fastback is the second most expensive Shelby fastback, after the '65 GT350 at $136,500 -- $195,500 -- $279,500. The GT500KR convertible is the most expensive Mustang, on average. (I say "on average" because there's also the GT350R, which probably has no market price, and I'm also aware that a '66 GT350 that was tarted up in the "80's to "R" specs sold for $510,000 at a May 5, 2007, Worldwide Group auction in Houston. In other words, there will always be oddballs that will sell at an off-the-chart price.)

Boss 429's are like this:
1969 -- $95,500 -- $145,500 -- $276,000
1970 -- $89,000 -- $132,500 -- $250,000

HMM's definitions of Low, Average, and High are as follows:

Low: runs properly, daily driver, needs paint, interior. Does not include parts cars and non-runners.

Average: runs properly, stock and correct, could be a daily driver, could use some restoration.

High: concours or near concourse restoration, very few to no defects, iron-clad documentation.
 

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First of all throw all those #'s away. It is a buyers market. In order to give a proper estimate we would need to know more than just condition. If Shelby specific parts are missing it could cost you a small fortune. Lets see carb 1500-3000 depending on auto or stick, aircleaner/snorkle/s tube 3000,starter delay 1500, console guages 1000, shoulder belts 3500, clutch fan/blade 800...want to keep going? And were not even into whether the fiberglass is original.
 

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I agree the number of KR fastbacks that have been sold for over $150k is very small. I think if you toss out all the highest numbers (right column they look better) Those numbers seem out of whack. Offer the guy a small number to start, not $50k. If it's missing some parts, you could have $80k in this restoration without problem. If it needs floors, it probably needs torque boxes and frame rail work as well. Then some quarter work too....do you know what the Shelby number is? Have you crunched the numbers?
 

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Discussion Starter · #10 ·
No I dont know the Shelby # but should have all the info in the next few days.I told him years ago as a kid that if he was ever interested in selling the car to call me.To my suprise he did 15+ years later. From what I can see everything seems to be there .The car starts and runs. It just going to bre interesting since I also have a 67 Fastback S-code that am about to start restoring. Tell me what kind of seal should I put
after media blasting the car?
 

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You are aways down the road, once you strip the car, inventory the parts and clean the shell. You can have the bodywork done. Epoxy primer is fine. A car of this caliber needs a good accurate restoration. You can get some information on my website and I will do what I can to help you via email. You will need to invest a lot in the bodywork and paint. email me privately with the numbers and I will check them out for you. [email protected] and website www.thecoralsnake.com
 

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tlea said:
It is a buyers market.
The August 2007 issue of Hemmings Muscle Machines, which includes the Ford Price Guide, also includes a report on a Tom Mack Auction at the Charlotte Auto Fair on the weekend of April 12 to 15. So I would guess that the Price Guide numbers are based on auction results and Hemmings Motor News ads prior to April 2007. I would expect that the market has fallen somewhat since then. But as was the case in the 1991 slump, the most desireable cars are the last to suffer and the first to rebound.
 

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180 Out said:
tlea said:
It is a buyers market.
The August 2007 issue of Hemmings Muscle Machines, which includes the Ford Price Guide, also includes a report on a Tom Mack Auction at the Charlotte Auto Fair on the weekend of April 12 to 15. So I would guess that the Price Guide numbers are based on auction results and Hemmings Motor News ads prior to April 2007. I would expect that the market has fallen somewhat since then. But as was the case in the 1991 slump, the most desireable cars are the last to suffer and the first to rebound.
You can speculate all you want but right now some very desirable cars are not selling at prices down 30% from last spring. Not trying to be a killjoy, just don't wan to see you overpay and not recover your money.
 

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180 Out said:
tlea said:
It is a buyers market.
But as was the case in the 1991 slump, the most desireable cars are the last to suffer and the first to rebound.
That is not a true statement. Cars that had been very expensive dropped significantly .... including Shelby's. The cars that drop the most are the ones that ran up the farthest.
 
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